🕵️ Drift Protocol appears to have been exploited, with over $270M in assets suspiciously transferred to wallet HkGz4K.

🕵️ The Drift Protocol exploiter also deposited $SOL into HyperLiquid and sold it to buy $ETH.

The Drift Protocol exploiter even deposited $SOL into Binance.

💵 250,000,000 #USDC (249,945,750 USD) minted at USDC Treasury

💵 250,000,000 #USDC (249,944,359 USD) minted at USDC Treasury

🗣 #DRIFT: We are observing unusual activity in the protocol.

We are currently conducting an investigation.

Please do not deposit funds into the protocol while we conduct our investigation.

This is not an April Fools' joke.

🐳 Whales have flipped from buyers to sellers.

1K–10K BTC holders are now distributing, with 1Y holdings at -188K BTC after +200K accumulation in 2024.

This isn’t short-term. The 365D trend is declining, signaling structural selling pressure.

📊 Binance leads all crypto entities with $136B in onchain holdings, followed by Coinbase with $88B and Satoshi Nakamoto with $72B, according to Arkham data.

🗽 Senate Bills 1649 and 1042, which would allow the state of Arizona to launch a Bitcoin Reserve, are scheduled for a House floor vote after clearing committees.

💸 #BTC Glassnode: The situation in the blockchain still reflects an ongoing recovery, with the supply in loss being increased, and the capitulation of long-term holders has not completely subsided.

At the same time, spot demand is starting to improve.

At the moment, BTC appears to be in a phase of redistribution rather than a clearly defined trend. Until spot demand increases more significantly and excess supply begins to decrease, the dominant characteristic of the market remains a range-bound fluctuation.

🕵️ 348,000,000 #USDC (347,994,432 USD) transferred from Coinbase Institutional to Coinbase

📌 Top 5 News for 24 Hour:

1. Drift Protocol exploited, $270M assets transferred to HkGz4K. →
👁 531 | ❤️ 0 | 🔁 14

2. Drift Protocol hacked for $200 million. →
👁 249 | ❤️ 0 | 🔁 5

3. Whale loses $1.44M in sudden price drop. →
👁 248 | ❤️ 0 | 🔁 5

4. US to withdraw from Strait of Hormuz. →
👁 281 | ❤️ 0 | 🔁 4

5. Japan recognized BTC as legal payment method in 2017. →
👁 260 | ❤️ 0 | 🔁 4

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🔮 #BTC There's now a 96% chance Michael Saylor's Strategy announces another bitcoin buy next week, according to Polymarket.

🇺🇸🏦 A Bitcoin & crypto exchange backed by Citadel Securities applied to be a national trust bank.

🗽 Morgan Stanley files another amendment for its spot Bitcoin ETF #etf

🇮🇷💰 Iran demands ships transiting through the Strait of Hormuz to pay fees in crypto or Chinese yuan, Bloomberg reports.

🕵️ Strategy's $STRC has climbed to one of the top holdings in BlackRock's iShares Preferred ETF (PFF). #etf

🇺🇸🚀 NASA officially launches Artemis II rocket, first crewed Moon mission since 1972.

🇺🇸🕵️ Riot Platforms, one of the largest Bitcoin miners in the US, sold 500 BTC, worth approximately $34.13 million today.

Additionally, BTC reserve company Empery Digital (formerly Volcon) transferred its remaining 1,795 BTC (approximately $122.5 million) to Gemini today.

😱🤑 Fear & Greed Index for #ETH

🕵️ Four wallets combined withdrew 32,880 $ETH worth $70.03M from Kraken.

All these wallets were created 113 days ago, at the same time.

Addresses:

- 0x5b4A6744483948f393e6D6C6C181Ce0a4e87F5bB
- 0xd86536E111221306D34ac45Ad2Bda4b69d1dDc44
- 0x07A5D26ac82d28D33b423Fe4BF575028B6257245
- 0xf15A1F564669d29045D50698778DD7dFA1e1D07a

🕵️ WTI crude oil surged above $101 per barrel during Trump's national address on Iran, a $3 spike from the $98.30 level earlier today.